Move Networks Nabs $46 Million for High-Def TV Tech
CNET News.com | April 14, 2008
Move Networks, a content delivery network for high-definition television online, has closed on a $46 million series C round of financing led by Benchmark Capital. Cisco, Comcast Interactive Media, and Televisa, along with the company’s previous investors Steamboat Ventures and Hummer Winblad Venture Partners, also joined the round.
The American Fork, Utah-based company has raised more than $44 million in two previous rounds of funding since 2006. The company supplies video-delivery technology to publishers including ABC, Discovery, ESPN, and Fox. But it has a hefty list of rivals, including Akamai, Edgecast and Limelight Networks.
